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Tuesday, November 22, 2016

Agri Commodity Update 22 Nov 2016






Soyabean 


Support at 3050---2980 and resistance at 3120


Break and sustain above 3120 will take it to 3180--3250+ mark else could test its support level of 3050---2980 again

Fresh selling only below 2980 mark







Soyaref


Support at 680 and Resistance 692

Close above 692 will take it to 703—708 and then to 720+ marks in days to come else could test its support level of 680 again

Fresh selling can initiate only close below 680. 






Guarseed


Support at 3200 and resistance at 3350

Two consecutive close above 3350 will take it to 3470---3530 and then to 3600+ mark in days to come … else could test its support level of 3200.

Further downside panic will see only close below 3200 mark.







Dhaniya 


Support at 7700 Resistance at 8020


Two consecutive close + weekly close above 8020 will take it to 8300—8500+ mark in days to come else could test its support level of 7700 again

Trade with levels only




Jeera 


Support at 17500 and resistance at 18200

Break and sustain above 18200 will take it to 18700—19200 and then to 20000+ mark in days to come.

Fresh selling only below 17500





RM Seed 


Support at 4650 and Resistance 4820

Two consecutive close + weekly close above 4820 will take it to 4960---5020 and then 5150+ mark in days to come, else could test its support level of 4650.

Fresh selling only below 4650






Cocudakl 


Support 1960 and resistance at 2010

Above 2010 …it can touch 2080—2125+ mark else could test its support level of 1960.

Close below 1960 will take to 1920---1890---1860 mark. 

Trade with levels only





Mentha oil (Nov)


Support at 940 and resistance at 965

Two consecutive close + weekly close above 965 will take it to 980—995+ mark else could test its support level of 940.

Looks weak only below 940







CPO (Nov)



Support at 535 and resistance at 543

Above 543…it could test 553—558+ mark else could test its support level of 535 again

Further downside panic only below 535 mark